USDJPY: Breakdown down
We have at the moment. We see something similar to the triangle pattern. With a clear support level of 108.44 and tight bars, I guess there are big sellers that are increasing selling. The tool goes to a trait test of support for this month. I expect a continuation of the cumulative downward movement followed by a breakout. It will be possible to sell on a pullback, after consolidation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.